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Home / Metal News / SHFE Lead to See Range-Bound Trading (2016-12-21)

SHFE Lead to See Range-Bound Trading (2016-12-21)

Dec 21, 2016 10:09

Source:SMM

LME lead is expected to move at USD 2,150-2,250/mt on Wednesday and SHFE 1702 lead will range between RMB 18,000-19,000/mt.

SHANGHAI, Dec. 21 (SMM) – Attention should be on US’s existing home sales in November on an annual basis on Wednesday. LME lead is expected to move at USD 2,150-2,250/mt on Wednesday. SHFE 1702 lead found support at RMB 18,000/mt and rallied slightly on Tuesday’s night trading and will range between RMB 18,000-19,000/mt Wednesday.

In China’s domestic market, traders sell goods actively. Downstream battery producers will increase purchases as SHFE 1702 lead stopped falling. Spot lead should trade at RMB 18,550-18,650/mt on Wednesday.

SHFE lead

LME lead

lead prices

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The power rationing in Yunnan, Henan, and Hunan since July-August and the power rationing in Jiangxi and Guangxi in September are undoubtedly the current hot spots. According to a recent SMM survey, the power rationing in Jiangsu, Guangdong and other regions in China has continued. Since late September, the social inventory of lead ingots has declined due to the combined effects of losses, power rationing and environmental protection.

Oct 22, 2021 15:34

Analysis

Lead Price in Fourth Quarter Will Be Higher Than Third Quarter, to Meet Resistance in Medium and Long Term

LME Lead Price to Hover at Lows (2017-10-23)

LME lead will fluctuate at highs between USD 2,460-2,490/mt today.

Oct 23, 2017 09:38

SMM Comments

LME Lead Price to Hover at Lows (2017-10-23)

China Imports 85,000-tonnes of Lead Ores via Port of Manzhouli in January-May 2017

China imported 85,000 tonnes of lead ore and concentrates in January-May 2017 via Port of Manzhouli, up 8.7% YoY.

Jul 5, 2017 11:21

SMM Insight

China Imports 85,000-tonnes of Lead Ores via Port of Manzhouli in January-May 2017

SHFE Lead Price down 0.92% (2017-7-4)

SHFE 1708 lead opened at RMB 18,050/mt and closed at RMB 17,765/mt, down RMB 165/mt or 0.92%.

Jul 4, 2017 17:50

SMM Comments

SHFE Cancels Warehouse for Lead Deliveries at Shanghai Baosteel Logistics

SHFE approved to cancel warehouse for lead deliveries at Shanghai Baosteel Logistics.

Jul 4, 2017 17:40

SMM Insight

SHFE Cancels Warehouse for Lead Deliveries at Shanghai Baosteel Logistics

SHFE Lead Strengthens (2017-6-14)

SHFE 1707 lead opened at RMB 16,750/mt and closed at RMB 16,975/mt, up RMB 105/mt or 0.62%.

Jun 14, 2017 18:08

SMM Comments

China Motive Battery Market Reports Tight Supply, and to Ease in Mid and Late June, SMM Reports

Motive battery supply is tight in China's market and will ease in mid and late June.

Jun 14, 2017 10:02

SMM Insight

China Motive Battery Market Reports Tight Supply, and to Ease in Mid and Late June, SMM Reports

SHFE Lead Finishes Lower (2017-6-7)

SHFE 1707 lead opened at RMB 16,485/mt and closed at RMB 16,480/mt, down RMB 125/mt or 0.75%.

Jun 7, 2017 17:15

SMM Comments

SHFE Lead Registers Small Growth (2017-5-26)

SHFE 1707 lead opened at RMB 15,930/mt and ended higher by RMB 50/mt or 0.31% to RMB 15,980/mt.

May 26, 2017 18:40

SMM Comments

SHFE Lead Registers Small Growth (2017-5-26)

Average Operating Rate at 51 Chinese Battery Makers down to 62.12% in March, SMM Reports

Average operating rate at surveyed 51 Chinese lead-acid battery producers was 62.12% in March, up 3.35 percentage points MoM but down 4.41 percentage points YoY.

Apr 18, 2017 13:19

SMM Insight

Average Operating Rate at 51 Chinese Battery Makers down to 62.12% in March, SMM Reports

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SHFE Lead to See Range-Bound Trading (2016-12-21)

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